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KeyCorp (KEY) Stock Declines, Q2 Results Miss Estimates

NEW YORK (TheStreet) -- Shares of KeyCorp (KEY) are down 1.07% to $11.56 late Tuesday morning after the company reported weaker-than-expected earnings and revenue for the 2016 second quarter.

Before today's opening bell, the Cleveland-based bank holding company posted earnings of 23 cents per share, below analysts' projections of 27 cents per share.

Revenue came in at $1.08 billion, while analysts were forecasting $1.09 billion.

In October 2015, KeyBanc said it would acquire First Niagara Financial (FNFG) for about $4.1 billion. The company still expects to close...


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